Qualcomm Inc. Stock Falls Tuesday, Underperforms Market
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Shares of Qualcomm Inc. (QCOM) slid 0.81% to $184.82 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.26% to 36,398.21 and the S&P 500 Index falling 0.10% to 4,786.35. The stock's fall snapped a four-day winning streak. Qualcomm Inc. closed $7.86 short of its 52-week high ($192.68), which the company achieved on December 16th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Alphabet Inc. Cl A (GOOGL) fell 0.82% to $2,933.74, NVIDIA Corp. (NVDA) fell 2.01% to $303.22, and Cisco Systems Inc. (CSCO) rose 0.17% to $63.53. Trading volume (5.4 M) remained 5.6 million below its 50-day average volume of 11.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 28, 2021.
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(END) Dow Jones Newswires
December 28, 2021 17:20 ET (22:20 GMT)
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